'Let the oil flow!' Trump announces new 'deal' with Iran

President Donald Trump announced that his administration had reached a "deal" with the Iranian regime that would "reopen" the Strait of Hormuz, a critical global waterway that has been shut down since the early days of the war against Iran.

"The Deal with the Islamic Republic of Iran is now complete," Trump wrote on Truth Social. "Congratulations to all! I hereby fully authorize the toll-free opening of the Strait of Hormuz and, simultaneously herewith, authorize the immediate removal of the United States Naval blockade. Ships of the World, start your engines. Let the oil flow!"

The deal was announced less than one hour before Trump's "UFC Freedom 250" event at the White House was scheduled to start. The New York Times described the deal as a "cease-fire," which Trump has previously said means "when you're shooting in a more moderate manner."

"Iran has not yet officially confirmed the cease-fire agreement, but struck a triumphant tone on the state broadcaster, IRIB. 'The United States was forced to accept an end to the war,' it declared," the NYT reported.